Jenny Cosgrave is a writer/producer at CNBC.com covering the buy side, economics and markets. Previously she worked as a correspondent for Investment Week, covering the U.K. asset management industry.
Follow Jenny Cosgrave on Twitter @jenny_cosgrave
Mining stocks slipped on Tuesday, as weak earnings from BHP Billiton and Glencore Xstrata sent the sector lower. Analysts said miners were now the cheapest they have been in 30 years, and were set to bounce back when interest rates begin rising.
Billionaire investor George Soros has been busy stocking up on hedge fund favorites as he joined others in dumping gold exchange traded fund (ETF) holdings in the second quarter.
Hedge funds have reversed the heavy losses they suffered in June, as some 70 percent of reporting funds delivered positive returns in July.